Duos Technologies Group (NASDAQ:DUOT) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Duos Technologies Group (NASDAQ:DUOT) has received a Sell (D-) rating from Weiss Ratings, indicating a negative outlook for the company's stock.
• Despite the downgrade, shares of DUOT rose by 3.3% to $8.33 during midday trading, with a significant trading volume compared to its average.
• The company reported a loss of ($0.30) earnings per share for the last quarter, missing analyst expectations, and had a negative net margin of 67.62%.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report)'s stock had its "sell (d-)" rating reiterated by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. Wall Street Zen downgraded Duos Technologies Group from a "hold" rating to a "sell" rating in a research report on Friday, September 26th. Ascendiant Capital Markets lifted their price target on Duos Technologies Group from $11.00 to $11.50 and gave the stock a "buy" rating in a research report on Wednesday, September 24th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $12.75.

Duos Technologies Group Stock Up 3.3%

Shares of DUOT traded up $0.27 during midday trading on Wednesday, reaching $8.33. 304,543 shares of the stock were exchanged, compared to its average volume of 270,002. The firm has a 50 day simple moving average of $6.93 and a 200-day simple moving average of $6.96. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 0.33. Duos Technologies Group has a 12-month low of $3.05 and a 12-month high of $9.27. The company has a market cap of $168.68 million, a price-to-earnings ratio of -7.79 and a beta of 1.08.

Duos Technologies Group (NASDAQ:DUOT - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The company reported ($0.30) earnings per share for the quarter, missing analysts' consensus estimates of ($0.22) by ($0.08). Duos Technologies Group had a negative net margin of 67.62% and a negative return on equity of 297.45%. The company had revenue of $5.74 million during the quarter, compared to the consensus estimate of $4.94 million. Duos Technologies Group has set its FY 2025 guidance at EPS. Research analysts forecast that Duos Technologies Group will post -1.34 EPS for the current year.

Institutional Trading of Duos Technologies Group

Several institutional investors have recently bought and sold shares of DUOT. Huntleigh Advisors Inc. acquired a new position in Duos Technologies Group during the first quarter worth $739,000. Informed Momentum Co LLC bought a new position in shares of Duos Technologies Group during the first quarter valued at $528,000. AMH Equity Ltd bought a new position in shares of Duos Technologies Group during the first quarter valued at $282,000. Geode Capital Management LLC lifted its holdings in shares of Duos Technologies Group by 38.9% during the second quarter. Geode Capital Management LLC now owns 95,682 shares of the company's stock valued at $684,000 after acquiring an additional 26,821 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Duos Technologies Group during the first quarter valued at $82,000. Institutional investors and hedge funds own 42.61% of the company's stock.

Duos Technologies Group Company Profile

Duos Technologies Group, Inc designs, develops, deploys, and operates intelligent technology solutions in North America. The company provides solutions, such as Centraco, an enterprise information management software platform that consolidates data and events from multiple sources into a unified and distributive user interface; and truevue360, an integrated platform to develop and deploy artificial intelligence algorithms, including machine learning, computer vision, object detection, and deep neural network-based processing for real-time applications.

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